Ashok Leyland partners with China’s CALB Group, to invest over ₹5,000 crore for battery production

Commercial vehicle manufacturer Ashok Leyland, Hinduja Group’s flagship, one of the leading battery technology companies in China, Calb Group on the ground to improve bilateral relations with a long-term exclusive partnership in the next 7-10 years for the next 7-10 years, he said.

The Company said that it will not only provide Ashok Leyland & Switch’s own electric vehicle portfolio, but also to appeal to non -coated demands in the entire automotive sector and energy storage industry.

“Ashok Leyland is deeply determined to fully comply with the government’s vision of sustainable mobility in India. Our strategic partnership with Calb is an important step to create a local battery supply chain in India to accelerate the adoption of electric vehicles in India,” he said.

“In the first stage, the new battery work will focus on the automotive sector and then move to non -automotive areas, including energy storage systems. Shenu Agarwal, Director, Manager and CEO, battery materials, recycling, battery management systems and developed production processes will be created a global perfection center.

The partnership points to the contract of Ashok Leyland and Hinduja Group, which continues to electrification, investments in electric vehicles, electric mobility, charging equipment, vehicle financing and rental and other areas for other areas.